The current year will close with a 7 percent yearly decline in mortgage delinquencies, matching last year’s decline, according to predictions released Wednesday by TransUnion.
The percent of borrowers 60 days or more delinquent will fall to 5.95 percent by the end of the year, and will fall to 5 percent by the end of 2012, according to TransUnion.
However, despite yearly declines, the forecasters expect a slight rise in delinquencies through the first quarter of 2012.
After reaching 6.02 percent in the first quarter, delinquencies will decline for the following three quarters, the forecasters predict.
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